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Friday, June 21, 2024

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liquidity

Is exchange rate put first?

In response to the fall of domestic currencies, central banks in the region have two options. They can either sell foreign currency to intervene or raise interest rates. The State Bank of Vietnam (SBV) is flexibly using both. Focusing on exchange rate As of May 27, 2024, the central exchange rate between the Vietnam dong and the U.S. dollar had increased by VND22 against late April. Given that the dong fell by a total of VND243 against the dollar in April, the depreciation of the local currency slowed in May. The dollar price at Vietcombank, the country’s leading foreign trade bank, increased by VND638 in April for both buying and selling, but since early May, it has risen by a mere VND163 for buying and VND23 for selling compared to the previous month. On the informal market, the dollar has advanced by VND65 for buying and stayed almost unchanged for selling since early May, compared to a respective increase of VND275 and VND300 in April. The SBV effort to increase dollar supply to regulate the foreign exchange market is seen as a key factor for stabilizing the exchange rate over the past month. Some sources said that from April 22 […]
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The liquidity gap

The central bank’s seven-day bank bill buybacks and its additional issues of 28-day bills indicate a clear divergence in the current liquidity landscape among...

Banks on edge

Around this time last year, the cash flow was obstructed, and a widespread liquidity crunch was reported across the board, driving up interest rates,...

Insurance industry mired in difficulties

Apart from industry-specific difficulties, the trend of interest rates going down will also make inroads into insurers’ profitability. Bancassurance grinds to a halt The insurance industry...

New hopes for corporate bond market

The trading system for privately-placed corporate bonds, which was introduced on July 19, is anticipated to improve liquidity on the corporate bond market. This...

Banking system in a liquidity crunch

A liquidity squeeze is choking Vietnam’s economy and banking system, making interest rate swings unavoidable Interest rate hikes return After a short period of interest rates...

Lending rate worries homebuyers

Soaring capital input costs have piled pressure on lending rates, especially for home loans, as credit for the real estate sector has the highest...

Licogi 16 leader registers to sell 2 million LCG shares

HCMC – Bui Duong Hung, Chairman of the Board of Licogi 16 Joint Stock Company (LCG), has registered to sell 2 million LCG shares,...

HAGL sells over 48 million HNG shares to pay debts

HCMC – Hoang Anh Gia Lai Joint Stock Company will sell more than 48.1 million shares of its subsidiary HAGL Agrico (HNG) from January...

HoSE cancels transaction of nearly 75 million FLC shares

HCMC - The Hochiminh Stock Exchange (HoSE) canceled conglomerate FLC Chairman Trinh Van Quyet’s sale of 74.8 million FLC shares on January 10 due...

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